Category Archives: Fiscal Policy

British Government To Admit Economy Too Awful to Reach Deficit Reduction Target

Because of the slow economy, Prime Minister Cameron will announce that Britain will not be able to reduce its structural deficit at target. I don’t know how many times Paul Krugman and co. can be right about their predictions, and … Continue reading

Posted in Business, Fiscal Policy, Foreign Affairs, Rants | Tagged , , , , | Leave a comment

Most Everybody’s a Keynesian

Faced with this prospect (triggered defense cuts), Republicans — who normally insist that the government can’t create jobs, and who have argued that lower, not higher, federal spending is the key to recovery — have rushed to oppose any cuts … Continue reading

Posted in Economics, economy, Fiscal Policy, Government, Keynesian, Liars, Policy | Tagged , , , , , , | Leave a comment

The Establishment Was Wrong, Let’s Try the Last Alternative

To the people in Washington, it wasn’t supposed to happen this way. In the last 3 years certain groups have been saying the wrong things about the recession and the possible solutions. All have made an attempt. Republicans in Congress … Continue reading

Posted in economy, Fiscal Policy, Government | Tagged , , , | Leave a comment

Confidence Fairies Don’t Deliver and the Most Depressing Part of the Deal

Oh confidence fairy, I wish for economic growth for everyone Alright, the deal’s effectively done. Up to $2.8 trillion will be cut over 10 years. Holy cash cow, that’s a lot of fiscal discipline in one sitting. It’s like a … Continue reading

Posted in economy, Fiscal Policy, Politics | Tagged , , , , , , | Leave a comment

Amen, Brother. Comment of the Month

I really feel like we live in an alternate universe. The last Democratic President turns out to have been Carter. The idea that one Democratic President took apart Glass-Steagall and the other is about to take apart Social Security and … Continue reading

Posted in Fiscal Policy, Politics, Uncategorized | Tagged , | Leave a comment

$20.2 Billion/Year for Air Conditioning in Iraq and Afghanistan, But Poor US Kids Get Less Food Aid

When the US spends $20.2 billion a year on a convenience for troops at military bases in the far flung corners of the world but Republicans cut $868 million or 13% of the entire program from food supplement programs from … Continue reading

Posted in Fiscal Policy, Foreign Affairs, Government, The Wars | Tagged , , , , | Leave a comment

Do Nothing About the Budget!

EDIT: Yikes, read this wrong! Really wrong! I am ashamed. Italics are additions If Congress implements existing law, there is no budget crisis budget deficits will be much smaller than anticipated. The US budget will do a lot of the … Continue reading

Posted in Congress, Fiscal Policy, Uncategorized | Tagged | Leave a comment

Five More Reasons the Modern Republican Party Deserves Annihilation

The Republicans just passed a terrible food and farm spending bill in committee. Yet another example of why the modern Republican Party deserves annihilation – I think that’s going to start being a regular feature. In one bill: House Republicans … Continue reading

Posted in Fiscal Policy | Tagged , | Leave a comment

Day 6: Desert Tortoises Still Costing Us Money, Oh And Extending Bush’sTax Cuts and Foreign Wars, But Really – Tortoises!

Six days after Biden’s tough talk about shutting down deserttortoise.gov for its extravagant cost, THE SITE STILL EXISTS. It has now cost the US taxpayer an unnecessary $4! (Yeah it’s renewed on a monthly basis so it may have not … Continue reading

Posted in Fiscal Policy | Tagged , , , | Leave a comment

John Boehner is Dr. Evil

“Ok, then we hold the Democrats ransom for…2 trillion dollars!” Laying down a marker on the eve of new budget negotiations, the Ohio Republican also said he wanted the amount of the cuts to exceed any increase in the nation’s … Continue reading

Posted in Congress, Fiscal Policy | Tagged , | Leave a comment